Hi Traders ! The EURNZD Failed To Create a New Higher High ! The Price Formed a Rising Wedge Pattern. The Support Line is Broken! So, I Predict a Bearish Move 📉 -------------- TARGET: 1.77090🎯
📉 Trade Idea: Bearish Continuation on NZD Pair 📉 Overview: This analysis focuses on a potential bearish continuation pattern for an NZD currency pair on the daily timeframe. 📅 Recent price action suggests further downside movement, and this trade idea aims to capitalize on that potential. 📉 🔍 Analysis Details: 1. Current Price Action: - The price has...
Hello traders, A swing idea here.. The setup is looked at from technical perspective mainly. We can see the impulse and correction pattern, as well as a nice weekly demand (which i refined to 3D to publish) I will not enter this trade immediately, i will wait for confirmation on lower time frame and go from there. Trade safe guys! Wishing you a great week ahead.
At these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view. Have in mind that those special zones are NOT trade signals , but areas where you have to applicate your specific strategy.
EURNZD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
EUR/NZD is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse to the 1st support. Pivot: 1.78614 1st support: 1.76772 1st Resistance: 1.79606 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Price is falling towards a support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.77495 Why we like it: There is an overlap support level. Stop loss: 1.76580 Why we like it: There is an overlap support level which lines up with the 100% Fibonacci projection. Take profit: 1.78571 Why we like it: There is an...
EURNZD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. The chart formed a bearish takeover when testing the trend line, and after the candle shadow re-defined the dynamic resistance. We expect the decline to continue after testing the lower boundary of the...
Hello Traders, We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook....
FX:EURNZD expected to reject from current key level and continue the bullish trend. However, there is a risk involved as price may drop between the marked two blue lines and rebound strongly from that region. Although, there is another possibility is that price can create AB=CD pattern and if it does follow that route then price can touch our second blue line...
🕵️♂️ Let's delve into the analysis of the EURNZD forex pair and uncover potential entry points. 🔄 On higher time frames such as weekly and daily, we're witnessing oscillations between smaller boxes, indicating a relative price range between the Euro and the New Zealand Dollar. 🎯 However, these fluctuations on lower time frames provide us with suitable positions...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.78600 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.78600 support and resistance area. Trade safe, Joe.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Everything is on the graphic but here we have a potential great entry point for a long swing trade. Very tight risk to put size on the swing trade. Great Trade !
Hello Traders, Below is my Technical Analysis of EURNZD. EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish...
The overall structure of the EURNZD pair has been bullish on the Daily TF for the past two years, however price has been bearish on the minor structure since 31st of August 2023. Since then price has been creating successive LH and LL, signifying the start of a bearish trend, however I believe the bearish trend is to take out the Daily TF DOL( Draw on liquidity...